Editor’s note: This is a transcript of the audio file.

Certain credit card fees have been banned or restricted under a new federal law known as the credit card accountability, responsibility and disclosure act of 2009. Do you know where the loopholes are?

I’m Leslie Mcfadden with the Bankrate.com personal finance minute.

Under the card act, credit card issuers can no longer charge you a fee for not using your card. With just 45 days notice, however, they can add an annual fee.

Card issuers now have to get your permission before charging you a fee if you go over your credit limit. If you don’t opt in, however, purchases that exceed the limit could get declined.

Credit card penalty fees can no longer exceed the dollar amount associated with the violation. If you miss making your minimum payment of $15, the late fee can’t exceed $15. There is no limit, however, on what the penalty interest rate can be. Make sure to compare all fees and interest rates when shopping around for a new credit card.

For more on this and other personal finance issues, visit bankrate.com. I’m Leslie Mcfadden.